Price for Cereals; Rye, Other than Seed in Lithuania - 2023
Contents:
- Price for Cereals; Rye, Other than Seed in Lithuania (FOB) - 2023
- Price for Cereals; Rye, Other than Seed in Lithuania (CIF) - 2022
- Exports of Cereals; Rye, Other than Seed in Lithuania
- Imports of Cereals; Rye, Other than Seed in Lithuania
Price for Cereals; Rye, Other than Seed in Lithuania (FOB) - 2023
The average export price for cereals; rye, other than seeds stood at $275 per ton in October 2023, jumping by 34% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $374 per ton in January 2023; however, from February 2023 to October 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was the UK ($361 per ton), while the average price for exports to Poland ($125 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Rye, Other than Seed in Lithuania (CIF) - 2022
In 2022, the average import price for cereals; rye, other than seeds amounted to $262 per ton, growing by 43% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; rye, other than seed import price increased by +56.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Latvia ($278 per ton) and Poland ($276 per ton), while the price for Russia ($220 per ton) and Estonia ($240 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Rye, Other than Seed in Lithuania
In 2022, overseas shipments of cereals; rye, other than seeds decreased by -41.4% to 26K tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 211%. As a result, the exports attained the peak of 50K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cereals; rye, other than seed exports declined to $8M in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 188%.
| Export of Cereals; Rye, Other than Seed in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 0.9 | 3.9 | 1.6 | 2.1 | 32.6% |
| Spain | N/A | 2.5 | N/A | 1.7 | -17.5% |
| Denmark | N/A | N/A | 1.8 | 1.4 | -22.2% |
| Germany | 0.6 | 0.7 | 4.2 | 0.9 | 14.5% |
| Netherlands | 0.1 | 0.1 | 0.4 | 0.8 | 100.0% |
| Estonia | N/A | 0.1 | N/A | 0.5 | 123.6% |
| Poland | 0.6 | 0.3 | 0.5 | 0.3 | -20.6% |
| Sweden | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.4 | 0.6 | 0.3 | 44.2% |
| Total | 2.8 | 8.1 | 9.1 | 8.0 | 41.9% |
Top Export Markets for Cereals; Rye, Other than Seed from Lithuania in 2022:
- Latvia (8.2K tons)
- Spain (5.6K tons)
- Denmark (4.0K tons)
- Netherlands (2.3K tons)
- Germany (2.3K tons)
- Estonia (1.6K tons)
- Poland (1.3K tons)
Imports of Cereals; Rye, Other than Seed in Lithuania
After three years of growth, overseas purchases of cereals; rye, other than seeds decreased by -65.1% to 11K tons in 2022. In general, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 301% against the previous year. As a result, imports attained the peak of 31K tons, and then shrank rapidly in the following year.
In value terms, cereals; rye, other than seed imports contracted dramatically to $2.9M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 337% against the previous year. As a result, imports attained the peak of $5.8M, and then dropped dramatically in the following year.
| Import of Cereals; Rye, Other than Seed in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 393 | 819 | 579 | 1,462 | 54.9% |
| Estonia | N/A | N/A | 259 | 641 | 147.5% |
| Belarus | N/A | N/A | 2,112 | 416 | -80.3% |
| Poland | 48.5 | 455 | 0.1 | 295 | 82.5% |
| Russia | 313 | N/A | 148 | 63.2 | -41.3% |
| Ukraine | N/A | N/A | 2,655 | N/A | 0% |
| Others | N/A | 42.6 | 0.2 | N/A | -99.5% |
| Total | 755 | 1,317 | 5,754 | 2,878 | 56.2% |
Top Suppliers of Cereals; Rye, Other than Seed to Lithuania in 2022:
- Latvia (5.3K tons)
- Estonia (2.7K tons)
- Belarus (1.7K tons)
- Poland (1.1K tons)
- Russia (0.3K tons)
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